Why we are no longer shorting this market
Weekly has false breaks
Daily has corrective cycle
Bullies divergence
Bulls are at play here, (Short or long term not sure)
We are waiting for a deeper corrective cycle or a range (Short term we are looking for buys, Even if we are going to clear extreme lows)
We are neutral on this pair as this is a tricky one!
Long term i would sell
rallies but small risk
on buys
Invalidation for buys.
tricky as daily suggests
sell.
Low risk trading for
buys (ONLY)
Currently the only way to trade Bitcoin is Long term. Volatility is still too high and will wipe out short term traders. Wait for retraces of 15-20% and buy. No stops. Only trade with very small amounts that you can afford to loose. No other way.
